Metallurgy news

• Scrap metal prices fell by a third Recent trends in shipments of ferrous scrap from Europe to Turkey show a sharp drop in prices during 2016 compared to the previous year. The price of HMS I /II mix 80/20 scrap at Turkish refineries has reportedly dropped well below $ 200 /t CFR. It should be noted that Turkish factories were... 25.01.2016  12:49

• Russia can easily handle oil prices below $ 20 Bremer Landesbank's chief analyst, Volker Hellmeyer, has published an interesting analysis of oil prices. According to which countries such as Russia and Saudi Arabia will also be able to profitably extract oil at a price of $ 20, while the Western countries are threatened with disaster. The... 24.01.2016  13:16

• In Kazakhstan, an American company starts mining Hexagon Mining is increasing its presence in Kazakhstan after signing an agreement on two promising mines Bozshakol and Aktogay, which are owned and operated by KAZ Minerals. The high-growth American copper company is focused on large-scale, low-cost open pit mining. KAZ Minerals are focused on... 24.01.2016  12:08

• The threat of revolution in Russia Putin suspects that at some point there may be an attempt to foment a revolution in Russia. The danger should not be underestimated because the economic situation in the country is deteriorating. Experts believe that, above all, Putin is afraid of the possibility of an Islamist insurgency. The... 23.01.2016  13:57

• Peru is set to become the world's second largest copper producer in 2016 Peru plans to double its current copper production in 2016 and thus regain the world's second largest industrial metal. The country's total production is set to reach 2.8 million tonnes in 2016, up from 1.4 million tonnes in 2013, thanks to five major projects that are set to begin operations this... 23.01.2016  11:16

• NLMK plans to close a plant in France NLMK Group intends to close an unprofitable coated steel plant in Botor. The plant is part of the European division of the group - NLMK Coating. The annual production capacity of the plant is 350 thousand tons of cold-rolled steel and 240 thousand tons of galvanized steel. The main consumers of... 22.01.2016  12:39

• What Affects Commodity Prices The US dollar determines the pricing mechanism for most commodities such as iron ore, pig iron, scrap metal, coking coal and zinc. This is because the dollar is the world's reserve currency. Essentially, there is an inverse relationship between the US currency and commodity prices. The rise in the... 22.01.2016  11:29

• Gold is recovering from the collapse of global markets Gold prices rallied on Wednesday after global markets began to crash, prompting investors to buy the precious metal, which appears to be finally recovering to a safe haven. Gold futures for the most actively traded February contract rose 1.2 percent to $ 1.102 an ounce on the New York Mercantile... 21.01.2016  11:53

• Dneprospetsstal summed up production results for 2015 Dneprospetsstal summed up production results for 2015 Electrometallurgical plant "Dneprospetsstal" during December 2015 produced 20,997 tons of steel, which is 20.6 percent higher compared to the previous month. In December, the plant produced 11,560 tons of rolled steel, which is 1.3 percent more... 21.01.2016  10:58

• Ruble falls to record low against dollar The fall in oil prices is pushing the Russian currency to a record low against the dollar. Economic forecasts for the country are also lowered. On Wednesday, the dollar was more than 80 rubles and the euro was 88.14 rubles, the highest level since December 2014. True, at that time one had to pay... 21.01.2016  10:11